India has adopted a model bilateral investment treaty (BIT) framework to further ease the way for foreign companies doing business and remove impediments in their way.
Pointing to how India-U.S. bilateral trade had quintupled in fifteen years to cross the $100 billion mark last year, Verma said the transformed relations are evident from the agreement that establishes a United States-India Infrastructure Collaboration Platform to facilitate American industry participation in Indian infrastructure and smart city projects. "Our aim is to provide the smartest solutions for India," the ambassador said. Speaking on the occasion, Secretary Department of Industrial Policy and Promotion Amitabh Kant said American companies bring cutting edge technology and best practices and are highly sought after in terms of investment and partnership in India. "The Indian government is determined that American companies should come in and help India in attaining high trajectory growth," Kant said.